Quote:
Originally Posted by westopher
How so? You are telling me that a 50-100k increase overnight of your property purchase would just make no difference?
Not every foreign buyer has unlimited money.
|
If the property is just sitting empty I don't see the difference
I highly doubt the majority of them are all simply speculating on the pre-sales, it's either going to be a hotel type, use once to 4 times a year property, or it's a place to park money in an empty unit.
150k on a million dollar condo is a breaking point? Really?
Even for your average person to get that extra 150k doesn't really add THAT much into your mortgage.
Imo it's more fear mongering and the actual amount of people pulling their deals is probably minuscule